58 Granite Street, Biddeford, ME 04005
MULTI_FAMILY - Other - Biddeford, ME
- Added:
- Jun 26, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 27 at 2:06 pm
Property Features for 58 Granite Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Basement, Bathroom 2
- Pets allowed
- No
- Basement
- Unfinished
- Standard status
- Active
- Size
- 1,560 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5288
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Oil, Baseboard
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Vinyl
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Jacqueline Nedwell (207) 400-6989
Listing office Town & Shore Real Estate One Union Wharf, Portland, ME (207) 773-0262
Listing date Jun 26, 2026
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two‑unit property built in 1940 in Biddeford
- Each unit has 2 bedrooms and 1 bathroom with bright living areas
- Public water and public sewer
- Off‑street parking and a private backyard
- Basement with ample storage; includes Bathroom 1 and Bathroom 2 in the home layout
- Heating includes hot water (heating) and oil with baseboard heat; roof is shingle
Overview
The building is located at 58 Granite Street in Biddeford, Maine, within minutes of downtown and local shopping and schools. The listing notes convenience to the University of New England and major commuter routes, supporting accessibility for both renters and owner-occupants.
For tenants or buyers seeking a straightforward, owner-occupant-friendly setup, the duplex structure allows for flexibility while maintaining rental income potential. The combination of off-street parking, private outdoor space, and basement storage can help improve day-to-day livability for residents. This is positioned as a turnkey option based on the property’s stated maintained condition and strong rental history, with the open house scheduled for Saturday 11:00 AM to 1:00 PM and showings beginning Friday.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.7k | $25.44 |
| − Vacancy | −$2.0k | −$1.26 |
| EGI | $37.7k | $24.18 |
| − OpEx | −$11.3k | −$7.25 |
| NOI | $26.4k | $16.93 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Biddeford
- County
- York
- State
- Maine
- Longitude
- -70.455801
- Latitude
- 43.483682
